The Ritot smartwatch is supposed to be a tiny smart bracelet that packs a projector capable of displaying information on the user’s hand. However, there’s no functional prototype for the device at this time. More disturbingly, the team behind Ritot lied about its location and team members’ names when starting the campaign, apparently pretending to be U.S.-based instead of acknowledging they’re from Ukraine.
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So far it's at $760,000+ and over 4,000 backers. It's not clear whether or not it's a scam, but they haven't been suspended yet. What do you guys think?